Cornerstone OnDemand Recognized for 311 Percent Revenue Growth by Deloitte’s 2009 Technology Fast 500™
Talent management software firm advances its ranking among the fastest-growing technology companies in North America
Santa Monica, Calif., October 22, 2009 – Cornerstone OnDemand Inc., a leading provider of Software-as-a-Service (SaaS)-based learning and talent management solutions, today announced it has advanced its ranking from no. 431 to no. 388 on Deloitte’s 2009 Technology Fast 500™ list of fastest-growing technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004 to 2008. Cornerstone grew 311 percent during this period.
Despite the down economy, Cornerstone continues to outperform its competitors, enjoying triple-digit growth of new client bookings and a nearly 300 percent surge in active subscribers over the past year. Cornerstone is also significantly expanding its global reach via the company’s strong-performing European division and strategic reseller partnerships with firms such as ADP® Employer Services, which has more than 550,000 clients worldwide.
“It is an honor to be recognized by Deloitte and the Technology Fast 500 as one of North America’s fastest growing technology companies,” said Adam Miller, President and CEO of Cornerstone OnDemand. “Cornerstone’s momentum over the past few years can be attributed to the quality and innovation of our software, our dedication to providing best-in-class client service, and the success of our global sales teams and reseller channels. We will continue to invest in these key areas to ensure the success of our clients and the continued growth of the company into 2010.”
In addition to the Technology Fast 500, Cornerstone recently was ranked among the top 100 fastest growing private software companies in the U.S. by Inc. magazine. Miller also was named 2009 CEO of the Year by the Technology Council of Southern California.
For more information about Cornerstone OnDemand, visit www.cornerstoneondemand.com. To read Cornerstone OnDemand’s talent management blog, visit http://www.cornerstoneondemand.com/blog. To follow Cornerstone OnDemand on Twitter, visit http://twitter.com/cornerstoneinc.
About Cornerstone OnDemand
Cornerstone OnDemand empowers people around the world with on-demand, integrated learning and talent management software and services for connecting, developing and performing in the workplace. Cornerstone’s Software-as-a-Service (SaaS)-based solutions span the workforce lifecycle, including onboarding, learning, social networking, compliance, performance, compensation and succession planning. The company also provides extended enterprise solutions to help companies better train and collaborate with customers, vendors and resellers. Available in 16 languages and supported by global, 24x7 customer care, Cornerstone is used by more than 2.7 million active subscribers in 141 countries. The company is headquartered in Santa Monica, California and has international offices in London, Paris, Munich and Tel Aviv.
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